{
  "id": 333068,
  "title": "Great disappointment will follow the Great Wealth Transfer as baby boomers pass on just a fraction of their fortune to millennials and Gen Xers",
  "url": "https://urgent.news/2026/08/08/great-disappointment-will-follow-the-great-wealth-transfer-as-baby",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-08T23:01:09.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/08/08/great-wealth-transfer-baby-boomers-millennials-gen-x-heir-inheritance/"
  },
  "original_language": "en",
  "account": "The Great Wealth Transfer, estimated to be as high as $124 trillion, may disappoint millennials and Gen Xers expecting to inherit significant wealth. Visa Business and Economic Insights report suggests that only $36 trillion of the $93 trillion will be passed on, after accounting for taxes, fees, debt, and other liabilities. The average inheritance for a household is about $515,000, but this figure heavily favors the affluent, with only $8 trillion actually spent on goods and services. Despite being the wealthiest generation, boomers are burdened by significant debt, which reduces their financial flexibility and wealth to pass on. Roughly $16 trillion of their wealth will be spent during retirement, leaving only $60 trillion for the bottom 90% of boomer households. Inheritance is often going to affluent households, with only a small portion actually spent, resulting in minimal impact on the economy's consumer spending growth.",
  "summary": "The good news for the younger generations is that boomers are already showering some of their money on their heirs.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}